St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-26
FINANCIAL.
New York.

NEW YORK, March 25.-Money on call easy at
394h per cent, last loan closing at 21aQD3.
Prime mercantile paper SOS. Sterling eX
change dull at s. .so14 for sixty-day bills and
$4.37Z for'demand. The stock market started
out this morning ut a good pace, business
being heavy and prices strong, but there was
a liberal realization at the advance by the
cliques. and the Improvement, except in a
few Speciaities, was confined to fractions
only. Later the nsuai' midsummer dullness
again INTERVIEWED and prices slowly but stead
ily:yiefded: There wasa larger business in
the leading stocks and considerable foreign
buying, especially of Reading, which ruled
high in the London market. There was con-
siderable heaviness in the trunk lines, which
was ascribef in part to the withdrawal of the 4
Grand Trunk from the Central Traffic asso-
citation, and q rumor Was current that a large
pool was fql1idatiug. The Changers were
again conspicuous features. but realiZationS
prevented any material advance. Several Of
the specialties again attracted marked atten-'
tim and Fort Worth & Denver were material
advance on heavy business for that stock.
Kingston g. Pembroke and Atlantic b Pacific
were active and Hooking Coal s. Iron, Pull
man and Milwaukee, Lake Shore e.! Western
were noticeable: Lackawanna was conspicu-
GUS in the early part of the day for its activ-
ity and heaviness on q firm markat The ia
votable effects Of the announcements: of the
dividend, which had been more 4than earned
being neutralized by the probability of the
company being forced to pay the back taxes
on the Morris Essex. A feature of the day
was the unusually large number OF low
priced stocks dealt in. The market was firm
at the opening, but gains over last evenings
final figures we're for insignificant fractions
only. except for Hooking Valley, which was
up q per cent. Business was active. al
though principally confined to half-dozen
stocks, and prices were firfn, with Fort Worth
& Denver showing unusual strength. There
was less activity toward noon, except for the
Changers, and LackRWanna prices continued
Arm until otter IL O'Clock. The market then
became extremely dull and a downward
movement, which continued until the close,
was inaugurated. Although the re-
covery was very slow, slight squirt
In Canada Southern occurred toward
2 D. M, to which the general market
responded ,feebiy; but the close was dull
and weak generally near the lowest prices of
the day. The general list shows irregular
changes this evening. chiefly for small frac-
tons only. Railroad bonds were more active,
but the increased business In few special
ties was responsible for the most Of the i'm
provement of total days business of ST.
1000. Atlantic & Pacific incomes contri-
buted $500. 900, st. Louis, Arkansas & Texas
tirsts, $243, 900, and Green Bay incomes,
100000. The market was stronger than
usual of late and final prices generally show
advances: 'Botr government and state bonds
were dull and steady. The total sales Of
stocks to-day were 1884 shares, including:
Del Lack. g. w .23, 200 Reading ...... 1887
Erie. .......... IL. 935 St. Paul. .1T,57O
4 Lake Shore. .21 ,22Ol Western Union. 5, $50
Northwestern. :. l., 055